FreshTel (FRE) Today, the first clutch of small caps disclosed their links to the collapsed broker Lift Capital after the group went into administration late last Thursday. Uranium explorers Paladin Energy and Deep Yellow and semiconductor manufacturer BluGlass disclosed links to Lift either through shareholders or directors who have trading accounts with the collapsed broker but - with about 1600 investors involved in the collapse- the list is expected to widen. Internet telephony group FreshTel is among those expected to issue statements in coming days, as one of the 15 or so smaller companies in which Lift Capital is a major shareholder. According to shareholder notices in the company's annual report, Lift Capital is a Top 20 shareholder in FreshTel. The broker holds 0.8 per cent of the company's issued capital. The association has already taken its toll on FreshTel's share price, which fell for a second day running, down 2¢ or 9.1 per cent to 20¢ today in addition to a 17 per cent slump on Friday. Peninsula Minerals (PEN) The copper and gold explorer is one of only a few companies to suffer the double whammy of potentially having exposure to both Opes and Lift Capital Last week, Peninsula said some 4.8 per cent of the company is registered to ANZ Nominees and flagged the fact that some of that may be subject to Opes margin lending accounts. The company also ruled out any directors interests. Peninsula may also be forced to issue further clarification of its exposure to Lift Capital, given that the broker appears on the share registry as a Top 20 shareholder. Shares in the group, which also has uranium assets in Wyoming in the United States, closed down 9.1 per cent at 2¢ today. BluGlass (BLG) The semiconductor group was another company dealt a double dose of bad luck. BluGlass disclosed today that some 6 million shares are subject to an equity finance contracts with Lift Capital and Opes trading accounts. Shares continued trading but slumped 12.8 per cent to 34¢. The stock has fallen 29.2 per cent in the year to date and is yet to break free of a tight 10¢ trading range so far this year. In an attempt to divert attention from the bad news, management said in the statement that it remains on track to achieve key milestones in the development of its technology to produce the semiconductor material gallium nitride, which was originally derived from breakthrough research at Macquarie University. In the short term, the company said the construction of its reactor in Ireland is on track for the end of the month and its manufacturing facility should be finished by the first week in May. Synergy Metals (SML) Given that nearly 1 per cent of the shares in Synergy are owned by Lift Capital, today's 3.6 slump in the share price was hardly surprising. The gold and tin explorer also has some stock affected by the receivership of Opes Prime - that is, 1.2 million shares and 87,657 options. Although the ownership of the Opes-affected stock is still unknown, the company said the interest was "very minor" and that none of it was acquired by directors using Opes margin loans. Synergy shares finished down 0.01¢ at 2.7¢ but is still 12.5 per cent ahead over the past five sessions.